(a) The provisions of Title 29, Chapter 69, shall not apply to contracts for the transportation of school children.

(b) All proposed contracts for the transportation of school children shall be submitted to the State Board of Education by the Division of Transportation for their approval. The approval of the State Board of Education shall be by majority vote of the duly appointed members of such Board and a failure of such majority vote shall cause the rejection of the proposed contract with a corresponding return to the Division of Transportation of such rejected contracts and a request for a substituted contract to be submitted.